China: The US uses fabricated trade allegations to threaten other countries.

Lan Ha September 24, 2018 16:02

(Baonghean.vn) - The US is using fabricated trade allegations to "threaten" other countries amidst the escalating tariff war between the world's two leading powers.

Illustrative image. Photo: RT

China made the accusation in a White Paper on trade and economic relations with the United States, published on September 24.

In its White Paper, the Chinese State Council (Government) stated that the United States had made a series of false accusations and used tariff increases and other economic intimidation tactics to impose its own interests on China by exerting maximum pressure.

The White Paper argues that President Donald Trump's "America First" policy is the root cause of the progress made in resolving disagreements between the two countries over the years through bilateral forums and exchanges.

According to the White Paper, the US has abandoned basic standard rules of international exchange such as mutual respect and equal consultation, while pursuing unilateralism, protectionism, and economic hegemony.

The White Paper comprises six sections covering specific issues such as equal and mutually beneficial cooperation between China and the United States, detailed information on trade and economic relations between the US and China, the practices of the US administration's protectionist trade policies, the trade pressure exerted by the Trump administration, the negative impact of US behavior on the global economy, and China's proposed solutions.

Tổng thống Mỹ Trump (phải) và Chủ tịch Trung Quốc Tập Cận Bình tại Florida tháng 4-2017. Ảnh Reuters.
US President Trump (right) and Chinese President Xi Jinping in Florida in April 2017. Photo: Reuters.

The White Paper on trade relations between China and the US was released amidst ongoing confrontational tariff policies between the two countries. Most recently, the US officially imposed a 10% tariff on $200 billion worth of goods imported from China, effective from 11:00 AM on September 24th (Vietnam time). Beijing retaliated by imposing equivalent tariffs on $60 billion worth of goods imported from the US, escalating trade tensions between the world's two leading economies to a dangerous new level.

Source: RT
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